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  • November 29, 2014
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Results 1 - 10 of 18 for australian dollar

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  1. Citic Pacific surges after parent comes to rescue

    Posted Nov 14th 2008, 12:00am by Carol Chan

    ... warned last month of huge losses from unauthorised bets on the Australian dollar. Despite the massive rescue package, brokerages further cut their target prices because the bonds will dilute ... That is higher than its estimate of HK$15.5 billion on October 20. Parent company Citic Group will assume about two-thirds of Citic Pacific's Australian dollar derivative contracts in exchange ...

  2. Citic Pacific parent rules out disposal of assets

    Posted Nov 17th 2008, 12:00am by Eric Ng

    ... entering into certain complex foreign currency trades, most of which were on the Australian dollar, which depreciated about 33 per cent against the greenback after reaching a record high in July. Last week, Citic Group said it would assume two-thirds of Citic Pacific's A$9.1 billion (HK$46.12 billion) Australian dollar derivative contracts in exchange for HK$9.3 billion. ...

  3. Railway giants tumble on fears of forex losses

    Posted Oct 23rd 2008, 12:00am by Sandy Li, Toh Han Shih

    ... 55.1 per cent on Tuesday and a further 24.69 per cent yesterday, after it warned of as much as HK$15.5 billion in losses from currency hedging bets on the Australian dollar. 'People ... a Beijing-based analyst. 'It is well known in investor circles that China Railway has high exposure to the Australian dollar.' Since June 30, the Australian dollar has depreciated 30 per cent ...

  4. Citic Pacific wins HK$6b loan for ore project

    Posted May 19th 2012, 12:00am

    ... to US$3.41 billion, inflated by a surge in material costs, labour and management fees as well as the appreciation of the Australian dollar. Miscalculations by the contractor also contributed ... to notify them about hefty losses before borrowing HK$1.75 billion from them. Citic Pacific lost HK$15.5 billion on a wrong-way bet on Australian dollar futures in September 2008 but only made ...

  5. Lee advises investor caution amid market rally

    Posted Sep 18th 2009, 12:00am by Staff Reporter

    ... and Australian dollars because the Australian economy and banking system were quite resilient to the financial crisis. Land was also a viable investment option, he added. Meanwhile, Lee said he had ...

  6. Joseph Yam says the worst may be over

    Posted Aug 18th 2007, 12:00am by Staff Reporter

    ... currencies such as the Australian and New Zealand dollars. Investors are now fleeing carry trades, swapping back their assets into the yen, which has risen towards a 14-month peak against the US ... exchange markets to halt a slide in the Australian dollar and injected extra cash into the financial system. 'We're seeing some signs of stabilisation. The central banks have been ...

  7. Lee sees HSI at 30,000 in August as target is deferred again

    Posted May 20th 2008, 12:00am by Peggy Sito

    ... to hold a pessimistic view on the US dollar, saying it will take a year for the unit to rebound. Those who bought the Australian dollar as a hedge against the waning US economy would have made ...

  8. CKI looks to overseas units to offset slowdown at home

    Posted Aug 15th 2008, 12:00am by Denise Tsang

    ... thanks to stable growth in electricity distribution units in South Australia and Victoria as well as a stronger Australian dollar. The water and gas supply units in Britain generated a HK$271 ...

  9. Greece sends stocks sliding once again

    Posted Sep 13th 2011, 12:00am

    ... are intensifying.' Risky assets including major currencies traded down against the US dollar as investors grew more risk averse. The euro was trading down 0.5 per cent at US$1.3561 after reaching US$1.3495- its lowest level since February. Hong Kong retail investors' favourite currency, the Australian dollar, dropped to the lowest in three weeks to touch US$1.0324. Crude oil traded in New ...

  10. Tycoon changes tune on Hang Seng fortunes

    Posted Jan 30th 2008, 12:00am by Staff Reporter

    ... its economy had yet to hit bottom. All in all, Mr Lee advised buying mainland-related stocks and taking short positions in US stocks. He also said the Australian dollar- which he said offered ...




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